Intraday Monitoring of Position Limits for Index Derivatives

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....day Monitoring of Position Limits for Index Derivatives 1. Clause 1.3.4 of SEBI Master Circular dated December 30, 2024 for Stock Exchanges and Clearing Corporations stipulates the following with regard to Intraday Monitoring of Position Limits for Index Derivatives: 1.3.4 Intraday monitoring of position limits 1.3.4.1 In addition to the End of Day monitoring mechanism as stat....

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.... clients to monitor existing position limits intraday for index derivatives. Further, the concern of industry associations has also been that the market ecosystem is in the process of putting in place necessary systems keeping in mind the proposed delta based or futures equivalent limits for index derivatives as stated in the SEBI consultation paper dated February 24, 2025. Accordingly, in the int....

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....rcular dated December 30, 2024, as mentioned aforesaid. 3.2. However, there shall be no penalty for breach of existing position limits intraday and such intraday breaches shall not be considered as violations, until further directions. 3.3. Exchanges shall prepare a joint SOP intimating market participants regarding modalities of monitoring existing notional position limits intraday and inti....